VICI Properties Inc. $VICI Stake Increased by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. increased its stake in VICI Properties Inc. (NYSE:VICI) by 15.0% in the second quarter, Holdings Channel reports. The institutional investor owned 15,015 shares of the company’s stock after acquiring an additional 1,954 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in VICI Properties were worth $489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blackhawk Capital Partners LLC. increased its stake in shares of VICI Properties by 102.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock worth $643,000 after buying an additional 9,967 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of VICI Properties in the first quarter worth $2,170,000. Columbus Macro LLC increased its stake in shares of VICI Properties by 7.8% in the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock worth $4,044,000 after buying an additional 8,967 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of VICI Properties by 6.3% in the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company’s stock worth $11,758,000 after buying an additional 21,398 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in VICI Properties during the first quarter valued at $324,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VICI shares. Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Morgan Stanley boosted their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Evercore ISI boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of VICI Properties from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.00.

VICI Properties Stock Performance

Shares of VICI opened at $32.75 on Friday. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a fifty day moving average of $32.92 and a 200-day moving average of $32.37.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.5%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 18th. VICI Properties’s dividend payout ratio is presently 68.97%.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.